A Manager of a Profit Centre Is Responsible for All

question 79

Multiple Choice

A manager of a profit centre is responsible for all of the following EXCEPT:

• A)the cost of merchandise purchased for resale.
• B)selling and marketing costs.
• C)sales revenue.
• D)expanding into new geographic areas.

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Definitions:

Measure Of Solvency

A measure of solvency is an assessment of an entity's capability to meet its long-term financial obligations, indicating its financial stability and health.

Debt To Total Assets

A financial ratio that measures the proportion of a company's assets that are financed through debt.

Working Capital

The difference between a company's current assets and current liabilities, indicating the short-term liquidity and operational efficiency of the business.

Current Liabilities

Short-term financial obligations that are due within one year or within the normal operating cycle of a business.